Carriage paid to (CPT)

Sourcing can seem intimidating or a little complicated to new entrepreneurs but it can really pay off big for your business. The best way to jump in is to get familiar with the lingo. Today’s Sourcing Tip/Term of the Day is: Carriage paid to (CPT)

Carriage paid to (CPT)means the seller has delivered the goods, cleared for export, to the carrier of his choice and paid the cost of carriage necessary to bring them to the named destination. The buyer will incur all risks and obligations at delivery. If subsequent carriers are necessary for the goods to reach the buyer’s destination, possession transfers when the goods go from the first carrier to the next carrier.

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